Indo Zinc rights issue of shares, India

Indo Zinc Ltd plans to raise close to INR2.9bn rupees through a rights issue of equity shares and optionally convertible redeemable preference shares, the company informed the exchanges today.

A company’s share issue committee has decided that it will raise INR1.11bn through a rights issue of ordinary shares in the ratio of 11 shares for each held in the company at 22.50 rupees apiece.
Published under Cement News